topic How do I find out what my modified adjusted gross income is for this year? It doesn't seem right on my Turbo Tax form. in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/how-do-i-find-out-what-my-modified-adjusted-gross-income-is-for-this-year-it-doesn-t-seem-right-on/01/365643#M152072 Mon, 03 Jun 2019 23:33:43 GMT jagramonte2 2019-06-03T23:33:43Z How do I find out what my modified adjusted gross income is for this year? It doesn't seem right on my Turbo Tax form. https://ttlc.intuit.com/community/taxes/discussion/how-do-i-find-out-what-my-modified-adjusted-gross-income-is-for-this-year-it-doesn-t-seem-right-on/01/365643#M152072 Mon, 03 Jun 2019 23:33:43 GMT https://ttlc.intuit.com/community/taxes/discussion/how-do-i-find-out-what-my-modified-adjusted-gross-income-is-for-this-year-it-doesn-t-seem-right-on/01/365643#M152072 jagramonte2 2019-06-03T23:33:43Z In order to calculate your Modified Adjusted Gross Income... https://ttlc.intuit.com/community/taxes/discussion/in-order-to-calculate-your-modified-adjusted-gross-income/01/365649#M152075 <P>In order to calculate your&nbsp;<B>Modified Adjusted Gross Income (MAGI)</B>, you will begin with your&nbsp;<B>Adjusted Gross Income (AGI)</B>from your Tax Return: Form 1040&nbsp;<I>Line 37</I>, Form 1040A&nbsp;<I>Line 21</I>, or Form 1040EZ&nbsp;<I>Line 4</I>.&nbsp;</P><P>To view your Tax Return before filing, login to your return and go to Tax Tools&gt;&gt;Tools&gt;&gt;View Tax Summary.</P><P>Next, you will add the following things to your<B>&nbsp;AGI&nbsp;</B>in order to come up with your&nbsp;<B>MAGI&nbsp;</B>:&nbsp;</P><UL> <LI>Student loan interest</LI> <LI>One-half of self-employment tax</LI> <LI>Passive loss or passive income</LI> <LI>IRA contributions, taxable social security payments</LI> <LI>The exclusion for income from U.S. savings bonds</LI> <LI>The exclusion under 137 for adoption expenses</LI> <LI>Rental losses</LI> <LI>Any overall loss from a publicly traded partnership</LI> </UL><P>If you don't have any of the above items, then your&nbsp;<B>MAGI</B>&nbsp;will simply be the same as your&nbsp;<B>AGI</B>.</P><P>Check out this TurboTax Article for more details on:&nbsp;<A href="https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-the-difference-between-agi-and-magi-on-your-taxes/L7kHckNS3" target="_blank">What is the Difference Between AGI &amp; MAGI?</A></P> Mon, 03 Jun 2019 23:33:45 GMT https://ttlc.intuit.com/community/taxes/discussion/in-order-to-calculate-your-modified-adjusted-gross-income/01/365649#M152075 Rachel_W 2019-06-03T23:33:45Z
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topic How do I find out what my modified adjusted gross income is for this year? It doesn't seem right on my Turbo Tax form. in Get your taxes done using TurboTax
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How do I find out what my modified adjusted gross income is for this year? It doesn't seem right on my Turbo Tax form.
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https://ttlc.intuit.com/community/taxes/discussion/how-do-i-find-out-what-my-modified-adjusted-gross-income-is-for-this-year-it-doesn-t-seem-right-on/01/365643#M152072
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In order to calculate your Modified Adjusted Gross Income...
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<P>In order to calculate your&nbsp;<B>Modified Adjusted Gross Income (MAGI)</B>, you will begin with your&nbsp;<B>Adjusted Gross Income (AGI)</B>from your Tax Return: Form 1040&nbsp;<I>Line 37</I>, Form 1040A&nbsp;<I>Line 21</I>, or Form 1040EZ&nbsp;<I>Line 4</I>.&nbsp;</P><P>To view your Tax Return before filing, login to your return and go to Tax Tools&gt;&gt;Tools&gt;&gt;View Tax Summary.</P><P>Next, you will add the following things to your<B>&nbsp;AGI&nbsp;</B>in order to come up with your&nbsp;<B>MAGI&nbsp;</B>:&nbsp;</P><UL> <LI>Student loan interest</LI> <LI>One-half of self-employment tax</LI> <LI>Passive loss or passive income</LI> <LI>IRA contributions, taxable social security payments</LI> <LI>The exclusion for income from U.S. savings bonds</LI> <LI>The exclusion under 137 for adoption expenses</LI> <LI>Rental losses</LI> <LI>Any overall loss from a publicly traded partnership</LI> </UL><P>If you don't have any of the above items, then your&nbsp;<B>MAGI</B>&nbsp;will simply be the same as your&nbsp;<B>AGI</B>.</P><P>Check out this TurboTax Article for more details on:&nbsp;<A href="https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-the-difference-between-agi-and-magi-on-your-taxes/L7kHckNS3" target="_blank">What is the Difference Between AGI &amp; MAGI?</A></P>
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